Jan 31 2008 Inevitable 'Cloverfield' Sequel Looming

What did you think upon first walking out of Cloverfield? That was enjoyable enough, if gimmicky and unbelievable? What a letdown after six months of marketing? I feel incredibly nauseous? If any of these are close, you obviously aren't a Paramount executive; their reaction to your leaving the theater was pupils transforming into dollar signs and the audible ching of cash register. Yes, as you've probably already suspected (and despite a massive box office drop from its opening week, an indicator that maybe audiences don't want to see more Cloverfield), Paramount is in talks with director Matt Reeves to direct a sequel to the shaky-cam hit.

Matt Reeves is in early talks with Paramount to direct a "Cloverfield" sequel, and he has also made a deal with GreeneStreet Films to direct "The Invisible Woman."

Timing of the projects will depend on how quickly Paramount can complete discussions with Reeves, producer J.J. Abrams and scribe Drew Goddard to scare up another monster tale for the "Cloverfield" sequel. There's a good chance the sequel will be Reeves' next film, in which case he will direct "The Invisible Woman" afterward.

I think there's a metaphor to be made here about something huge rising out of nowhere, creating a huge spectacle, and drawing massive crowds, only to have it mercilessly bombed to a painful oblivion. I'm not willing to piece it together, but you get the idea.

Paramount sows 'Cloverfield' sequel [Variety]